Formic Technologies
Chicago, Illinois, United States · machinery
Formic is a U.S.-based robotics and automation company founded in 2020. It focuses on making automation accessible for small-to-medium sized manufacturers across America, specializing in end-of-line automation solutions like case packing and palletizing. Formic helps manufacturers enhance capacity, consistency, and reliability while reducing costs and downtime. The company operates on a Robotics-
Key facts
- Headquarters
- Chicago, Illinois, United States
- Employees
- 93
- Industries
- machinery
- Status
- Private
- Website
- formic.co
- Company page
Recent activity at Formic Technologies
- : Formic raises $50 million in a Series B round led by Mercato Partners to scale physical AI across American manufacturing.
- : Humanoid Global commits to a strategic investment in Formic to boost adoption of automation in manufacturing. This funding aims to support Formic's Robotics-as-a-Service model.
- : Formic Appoints Joel Onyshuk as Vice President of Sales and Todd Plotner as General Counsel
- : Formic Technologies Inc. raised $27.4M in Series A funding to expand its global fleet and increase support network.
- : Formic Technologies Nets $26.5M Series A
Formic Technologies funding history
| Date | Round | Amount |
|---|---|---|
| Oct 2026 | Series B | $50.0M |
| Oct 2025 | Corporate Round | Undisclosed |
| Jun 2024 | Series A | $27.4M |
| Jan 2022 | Series A | $26.5M |
Leadership
- Saman Farid, Founder & CEO
- Theresa Dobson, Vice President of People
- Joel Onyshuk, Use Your OpEx Budget to Automate Your Plant (and we do all the Maintenance) | Formic.co | 3x Startup VP of Sales | Podcaster on #leadership | Pickleball Obsessed
- Shawn Fitzgerald, Chief Marketing Officer
- Todd Plotner, General Counsel
- Joel Onyshuk, Vice President of Sales
Verified email and direct lines for Formic Technologies’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
Formic Technologies files 1 employee benefit plan with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
Formic Technologies in the news
- Formic brings in $27.4M to expand its global fleet, increase support network - The Robot Report (Jun 25, 2024)
- Formic Fleet Surpasses 400,000 Production Hours Backed by Expanded Product Portfolio - Business Wire (Sep 25, 2025)
- Formic opens 53,000 sq ft HQ in Bolingbrook - VentureBeat (Jun 17, 2026)
- Electroreduction of CO2: Advances in the Continuous Production of Formic Acid and Formate - ACS Publications (Mar 30, 2023)
- Reversible hydrogenation of carbon dioxide to formic acid using a Mn-pincer complex in the presence of lysine - Nature (May 19, 2022)
- Jacobi Robotics shortens robot programming cycle in partnership with Formic - The Robot Report (Jan 25, 2024)
- Formic Opens Oakland Facility, Anchoring Humanoid and Physical AI Expansion in the Bay Area Alongside Tesla and Amazon - Business Wire (Aug 26, 2026)
- A system for the reversible hydrogenation of carbon dioxide into formic acid - Tech Xplore (Jun 13, 2022)
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About Formic Technologies: questions and answers
What does Formic Technologies do?
Formic is a U.S.-based robotics and automation company founded in 2020. It focuses on making automation accessible for small-to-medium sized manufacturers across America, specializing in end-of-line automation solutions like case packing and palletizing. Formic helps manufacturers enhance capacity, consistency, and reliability while reducing costs and downtime. The company operates on a Robotics-
Where is Formic Technologies headquartered?
Formic Technologies is headquartered in Chicago, Illinois, United States.
How many employees does Formic Technologies have?
Formic Technologies has about 93 employees.
Has Formic Technologies raised funding?
Yes. Fundz has recorded 4 funding events for Formic Technologies. The most recent, Series B of $50.0M, was in Oct 2026.
Who leads Formic Technologies?
Saman Farid is a Founder & CEO at Formic Technologies.
What is the latest news on Formic Technologies?
On Oct 22, 2026, Formic raises $50 million in a Series B round led by Mercato Partners to scale physical AI across American manufacturing.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy